LONDON & LAS VEGAS--(BUSINESS WIRE)--Feb. 24, 2005--Access Devices, Inc. (Pink Sheets:ACDJ) (www.accessdevices.co.uk)through its 70 percent (70%) owned subsidiary, Access Devices Digital Limited is a London-based developer of DVB (Digital Video Broadcast) and IPTV (Internet Protocol Television) set-top boxes -- issues the following trading update for Q4 2004.
2004 Review
Sales of ADDL's range of DVB-T (Digital Video Broadcast Terrestrial) and DVB-T with CA (Conditional Access -- for premium services) were consistent with the Directors' expectations.
-- Over the 12 months, over 165,000 ADDL-designed DVB-T set-top boxes were shipped, bringing the running total since the Q3 2002 launch of Freeview to 600,000 units.
-- In Q4 2004, ADDL shipped 40,000 DVB-T TopUpTV-compatible Freeview boxes, representing approximately 25% of the UK Christmas market.
-- By the end of 2004, ADDL's designs appeared under five different brand names in the market.
-- ADDL's unaudited Q4 2004 revenues were GBP 1.6 million ($3 million).
-- ADDL intends to capitalize on its success with the TopUpTV product with similar conditional access products for Europe.
About Access Devices Digital Limited
ADDL designs, controls manufacture, and sells Digital TV (DVB) access equipment and Internet Protocol TV (IPTV) equipment, generically referred to as set-top boxes (STBs). The company currently has a range of designs, including:
Digital Video Broadcast
-- Digital Terrestrial TV decoder (DVB-T) products for the UK Freeview service and variants for European TV services
-- Digital Terrestrial TV decoder (DVB-T) products with conditional access (CA) for access to premium TV content, such as that broadcast by TopUp TV in the UK and various developing premium services in Europe
-- DVB-T Personal Video Recorders -- with and without conditional access -- for UK and European markets that are expected to follow the US example and show rapid and substantial growth
Internet Protocol TV
-- IPTV (Internet protocol TV) products providing video-on-demand over DSL
-- Combination DVB-T decoder with an IP delivery/return path ADL's IPTV products enable 'on-demand,' 'time shifted' services and true real-time interactivity. ADL products can seamlessly combine the TV broadcast and IP delivered content to enable broadcasters to develop new services across entertainment and commerce
Forward-Looking Statement
Statements included in this press release that are not historical in nature are intended to be, and are hereby identified as, "Forward-Looking Statements" for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward-Looking Statements may be identified by words including, without limitation, "anticipate," "await," "envision," "foresee," "aim at," "believe," "intends," and "estimates." Any statements concerning the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward-Looking Statements.
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